Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Total secures $14.4 billion funding for Mozambique LNG -sources

share with twitter share with LinkedIn share with facebook
share via e-mail
05/21/2020 | 03:25am EDT
The logo of Total is pictured at the company's headquarters in Rueil-Malmaison near Paris

French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique, two sources said on Wednesday.

A source with knowledge of the matter said Total has reached a financing agreement with a group that includes around 20 lenders for the first phase of senior debt funding of $14.4 billion. The source did not specify the name of the banks involved in the financial arrangement.

Total declined to comment. Bloomberg reported earlier on Wednesday that Total was set to sign $15 billion financing for the project in June.

The company expects the financing to be closed in the third quarter, the source said.

An energy banking source confirmed the financing deal to Reuters, adding that it involved 20 banks for just below $15 billion.

Total concluded the acquisition of Anadarko's 26.5% interest in the Mozambique LNG project for $ 3.9 billion in September. It is expected to start production in 2024.

(Reporting by Bate Felix and Clara Denina; editing by Grant McCool)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
01:37pCHINA IS USING HUAWEI TO DRIVE A WEDGE IN THE UK-U.S. SPECIAL RELATIONSHIP : senator
RE
01:29pGoldman Sachs commits to new central Paris headquarters
RE
01:21pMeeting of donor group for Palestine (AHLC) on 2 June
PU
01:21pTen Nominations and One Withdrawal Sent to the Senate
PU
01:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
01:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
01:15pGerman slump could be deeper than forecast, says economy minister
RE
01:13pU.S. Tightens Squeeze on Venezuela Oil Trade, Blacklisting Four Tanker Owners
DJ
01:06pGerman coalition parties wrestle over fiscal stimulus package
RE
01:04pGerman coalition parties put off decision on coronavirus stimulus package
RE
Latest news "Economy & Forex"